Forex Trading Silver XAGUSD in Triple Top. US Indices Gapping Lower on US Tariff Threats.
WTI and Brent Crude Short Positions Still in Play!

In today’s GCI Market Outlook let’s take a look at Forex Trading on AUDUSD, WTI Crude Oil, the Nikkei 225, the S&P500, Gold XAUUSD, and Silver XAGUSD.
Last time we were looking at a short position on Silver.
Well, look what happened…twice!
Price action on Silver broke out of this rising wedge and has now formed a triple top.
For more selling action, we need to see price action to break below this neckline and for the stochastic oscillator to change its attitude from oversold.
Also, we see a key level below at $30 and MACD is looking bearish.
On another precious metal, Gold, we see a pullback in the bull run with price action at the lower trend line and the stochastic oscillator very oversold.
If the chaos in the US government continues, and talks of insane tariffs, gold may still go higher.
If we look at the daily chart, we see that we still have room to move to the upside.
On the technicals, we see lots of bullish confluence from the stochastic oscillator and MACD.
After only one week of the new US administration, the markets are seeing chaos.
All the major indices opened lower with gaps with price action at key levels and the stochastic oscillators very oversold.
However, if we look at the daily charts, we see the opposite technical signal.
If we look around the world, we see similar price action on indices like the Nikkei in Japan.
If we look at the daily chart, however, we see a range trading opportunity.
This bodes well for the indices when we get a chance to buy the dips.
Our WTI short position continues lower so, watch for pullbacks to the upper trend line to increase your position.
Check the USD pairs and you will see some gap trading opportunities like this one on AUDUSD.
Price action is at the lower trend line and the stochastic oscillator is oversold.
We have a gap on USDCAD as well but watch out for Interest Rate decisions from Ottawa and Washington, both within hours on Wednesday.
That’s all for now.
CFDs and FX are leveraged products and your capital may be at risk.
Latest Analysis
- Watching for Reversal on WTI & Brent Crude? Forex Trading USDJPY Gap. October 06, 2025 05:45 AM
- US Government Shutdown: NFPs Today? Gold XAUUSD to Climb Further? Forex Trading WTI at Support. October 03, 2025 01:04 AM
- Forex Trading Short AUDUSD? Silver XAGUSD in Ascending Triangle. Gold Flying! September 30, 2025 05:30 AM
- USDCHF at Upper Trend Line. Forex Trading Gold XAUUSD in Symmetrical Pennant. September 30, 2025 05:24 AM
- Forex Trading WTI Crude Oil at Support. Gold XAUUSD at All-time Highs…Again! September 30, 2025 05:19 AM
- WTI Crude Oil in Descending Triangle. Forex Trading USD Strength: Will it Last? September 19, 2025 01:18 AM
- Interest Rates in Focus Affecting USD, GBP, JPY, & CAD. NASDAQ Flying But… September 15, 2025 03:25 AM
- JPY Gap Trading on PM Resignation. NASDAQ Recovering. Forex Trading USDJPY. September 09, 2025 05:32 AM
- US Non-Farm Payrolls in Focus. Silver XAGUSD Breaking Upper Trend Line. OPEC Meeting! September 05, 2025 03:52 AM
- WTI Crude Oil Approaching Resistance. Forex Trading Gold XAUUSD at All-Time High! Silver XAGUSD at 14-Year High. September 02, 2025 03:18 AM
Open an account in minutes
Trade on our award-winning platforms with ultra-fast and ultra-secure execution.
OPEN AN ACCOUNT